scholarly journals RESEARCH OF FORMATION AND USE OF CORPORATE ENTERPRISE`S FINANCIAL RESOURCES

2021 ◽  
Vol 2021 (2) ◽  
Author(s):  
L.L. Hrytsenko ◽  
L.S. Derkach
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Theoretical Basis ◽  
Financial Resources ◽  
Business Activity ◽  
Urgent Problem ◽  
Economic Activities ◽  
Effective Operation ◽  
Theoretical Foundations

The article analyzes the theoretical essence of formation and use of enterprise’s financial resources. Our country is in conditions of economic instability caused by various destructive factors. In this regard, domestic enterprises are increasingly faced with the problem of insufficient financial resources and sources of its formation. The situation is exacerbated by a reckless approach to the use of these resources. In fact, inefficient formation and use of financial resources is an urgent problem. Therefore, there is a need to research the theoretical foundations of the formation and use of financial resources of the enterprise as a basis for effective functioning in the current circumstances. The article proves that the formation and use of financial resources is an important component of the overall system of enterprises’ financial management. Also it describes the essence of the term "financial resources of the enterprise" by considering various scientific approaches to the interpretation of this category. Our own interpretation of this term was formed. In addition we emphasized the distinction between the categories of "financial resources" and "cash". The article contains explanation theoretical basis of the financial resources formation, focusing on the sources, which are divided into internal and external. Besides the article highlights the main areas of use of funds and finds a reasonable classification by types of assets and types of expenditures. There are the main indicators for assessing the effectiveness of the use of financial resources of the enterprise are outlined, which include analysis of the dynamic and structure of funds and the ratios of financial stability, liquidity, business activity and profitability. A number of problems that impede the smooth running of economic activities have been identified. Recommendations for improving the quality of formation and use of financial resources of a corporate enterprise have also been developed. Ensuring careful control over the formation and use of enterprise’s financial resources is a prerequisite for its effective operation.

scholarly journals Theoretical principles of enterprise capital management

2020 ◽  
pp. 19-22
Author(s):  
Viktoriia KREMEN ◽  
Olha KREMEN ◽  
Alina KRAVCHENKO
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Legal Regulation ◽  
External Support ◽  
Capital Management ◽  
Economic Activities ◽  
Financial Activity ◽  
Financial Autonomy ◽  
Effective Use ◽  
Theoretical Foundations

The enterprise's capital is the basis of its activities, the basis for the formation of proper financial and property support of economic activity and the bedrock of financial autonomy, solvency, and stability. An important area of financial management in the enterprise is capital management, which includes essential areas such as selecting and prioritizing capital sources, ensuring consistency of capital cost with profitability, structuring and optimizing the composition and volume of capital. The paper is devoted to studying enterprise capital's economic essence and its management's theoretical foundations as a sufficient component of financial management and financial work in the enterprise. The paper presents the analysis of scientific and methodological approaches to interpreting the essence of the concept of «capital» and «enterprise capital». The paper substantiates that the enterprise's capital is a set of monetary, tangible and intangible assets, mobilized from various sources and involved in operational and investment processes to generate income and maximize the market value. The enterprise's capital as the main source of maximum profit, profitability, and financial stability requires effective management through the application of a system of principles and methods of development and implementation of management decisions related to its optimal formation and ensuring its effective use in various economic activities. The enterprise's capital management mechanism includes a system of regulation of financial activity of the enterprise, a system of external support of financial activity of the enterprise, a system of financial levers, a system of financial methods, and a system of financial instruments. The system of regulation of the enterprise's financial activity, in turn, includes the state regulatory legal regulation, market and internal mechanisms of regulation of financial activity of the enterprise in the part of capital management.

DIRECTIONS FOR DEVELOPMENT OF ANTI-CRISIS FINANCIAL MANAGEMENT

2017 ◽  
Author(s):  
Liubov Iarova ◽  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Enterprise Management ◽  
Factors Affecting ◽  
Financial Condition ◽  
Flexible Response ◽  
Relevant Topic ◽  
Potential Risks ◽  
Negative Factors ◽  
Theoretical Foundations

For continuous performance, enterprises should not only take into account potential risks and existing negative factors, but also develop methods and principles that allow timely and flexible response to crisis occurrences, as well as determine the recovery stages in an already deteriorated financial condition. Given tasks are solved by anti-crisis financial management, designed to increase the efficiency of enterprise management and facilitate the equalization or improvement of an economic entity’s financial stability, therefore, the directions of its development are a rather relevant topic in a market economy. The article examines the theoretical foundations of anti-crisis financial management, the main factors affecting the emergence of a crisis state at an enterprise, discusses the need for its development, and provides factors that determine the effectiveness of the implemented anti-crisis policy. Identifying the need to improve anti-crisis financial management and decision-making on its implementation are accompanied by an analysis that takes into consideration possible risks and costs, which determines the expected effect. The author generalizes and indicates the main principles and stages of anti- crisis management.

scholarly journals Use of rating methodology for evaluation of the financial condition of the enterprise

2020 ◽  
pp. 13-16
Author(s):  
Anna CHERNIAIEVA ◽  
Anastasiia KONDRATENKO
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Financial Analysis ◽  
Comprehensive Evaluation ◽  
Balance Sheet ◽  
Integrated Approach ◽  
Assessment Method ◽  
Necessary Condition ◽  
Economic Activities ◽  
Financial Condition

Introduction. A necessary condition for effective corporate finance management, rational use of enterprise resources is a reliable and comprehensive evaluation of the financial condition of the enterprise. In the modern practice of financial management, the problem of qualitative and quantitative justification of management financial decisions is solved through the widespread use of information about the financial condition of enterprises, which are the main subjects of economic relations. The purpose of the paper is to research of essence and features of use of a rating evaluation of a financial condition of the Ukrainian enterprises in modern economic conditions Results. There are many methods for evaluation the financial condition of an enterprise: balance methods, express analysis, efficiency analysis, bankruptcy evaluation, rating evaluation, integrated evaluation. The choice of method of conducting a comprehensive evaluation of the financial condition of the enterprise depends on a number of factors: type of economic system, the degree of development of market relations, the peculiarities of the balance sheet and other forms of reporting, industry characteristics, type of activity, form of ownership of the enterprise, etc. We recommend the rating evaluation of the financial condition of the enterprise. The methodology of rating evaluation of the financial condition of the enterprise is based on an integrated approach; indicators of profitability, liquidity, financial independence and financial stability of the enterprise, and also data on efficiency of use of financial resources and production potential of the enterprise are used at its construction. Calculations of indicators of the financial condition of the enterprise according to the rating assessment method were carried out on the basis of the data of the company's public financial statements for the period 2017–2019. According to the results of calculations, the enterprise received a score of 0.615 points, which corresponds to the AA rating. Conclusion. The use of rating assessment of the financial condition of the enterprise is an effective tool of financial analysis, which allows to obtain a final evaluation of the financial and economic activities of the investigated enterprise.

scholarly journals Competitiveness management to ensure financial sustainability

2021 ◽  
Author(s):  
Inna Dimitroglo ◽  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Competitive Environment ◽  
Management Decision ◽  
Financial Sustainability ◽  
Business Activity ◽  
Managerial Decision ◽  
Operating Cycle ◽  
Financial Cycle ◽  
High Level

In a highly competitive environment, it is very important to maintain a high level of business activity. To make a management decision in the field of marketing, a complex indicator of turnover is important - the duration of the operating cycle in days. And for making a managerial decision in the field of financial management, it matters - the duration of the financial cycle in days, since the level of financial stability of the enterprise depends on this.

On the Concept of Financial Stability of the Pension Fund of Russia

2004 ◽  
pp. 106-122
Author(s):  
N. Borisenko
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Pension Fund ◽  
Legal Status ◽  
Financial System ◽  
State Institution ◽  
Financial Resources ◽  
The Status ◽  
Definition Of

The article is devoted to investigation of the contents of financial stability of the Pension Fund of Russia (PFR). From the position of the theory of systems the concept and attributes of financial stability of the economic subject are revealed. Two components of financial stability of PFR as a specific economic subject are considered: financial stability of the pension fund and financial management of the managing structure. The article contains the analysis of incomes and expenditures of the pension fund as a part of the Russian financial system, attributes of its financial stability are revealed and its definition is given. The analysis of the legal status of PFR is carried out and the expediency of ascribing to it the status of state institution is grounded. Classifications of financial resources and obligations of PFR are suggested and the definition of its financial stability is formulated.

scholarly journals Impact of the Covid-19 Pandemic on Entrepreneurial Capacity and Financial Security in Ukraine

2021 ◽  
Vol 126 ◽  
pp. 08002
Author(s):  
Yana Derbenova ◽  
Ganna Kashyna ◽  
Serhii Leontovych ◽  
Olena Ablova ◽  
Oksana Dmitrieva ◽  
...  
Keyword(s):  
Financial Stability ◽  
System Analysis ◽  
Negative Impact ◽  
Business Activity ◽  
Financial Security ◽  
Economic Activities ◽  
Investment Activity ◽  
The World ◽  
Business Entities ◽  
The Impact

The article analyzes the impact of the COVID-19 pandemic on business activities in Ukraine and the world and its financial security. The analysis showed that the economy of Ukraine and most countries of the world suffered significant losses from the introduction of anti-epidemic restrictions on business activity, which turned out to be in the fall of GDP, index of industrial production investment activity. Because of temporary or complete shutdown of business the unemployment rate increased significantly. The pandemic crisis also negatively impacted the financial results of enterprises, which decreased significantly in all kinds of economic activities, especially in industry, transport, temporary accommodation and catering, where the share of unprofitable enterprises reaches 73%. Thus, the problem of ensuring the financial security of business becomes relevant. The aim of the work is to develop methodological approaches to assessing the impact of the pandemic crisis on the financial security of business and to identify effective ways of ensuring such security. In the process of research methods of scientific abstraction, comparative and system analysis and synthesis, systematization and logical generalization were used. It was determined that the pandemic affected small and medium businesses most of all, where a strong negative impact was experienced by more than 60% of entrepreneurs. Large businesses were less affected, but they also suffered significant losses due to the decline in business activity and demand in the domestic and foreign markets. Agriculture was least affected by the pandemic, which suffered the least losses, primarily due to the insignificant impact of restrictions affecting the activities of this business. The paper systematized the risks arising from the factors of the pandemic crisis, identifying their manifestations and financial implications for business. As shown by the research, such consequences are manifested in the form of full or partial loss of profits, problems with debt repayment, reduction of financial stability, liquidity, increase in accounts receivable, increased costs for anti-epidemic measures, etc. Thus, the procedure for assessing the business’s financial security is to take into account all factors that shape the financial situation of business entities during a pandemic crisis in a comprehensive manner.

scholarly journals Pembiayaan Pendidikan Berbasis Filantropi Islam: Strategi Rumah Pintar BAZNAS Piyungan Yogyakarta

2019 ◽  
Vol 3 (2) ◽  
pp. 231-256
Author(s):  
Sauqi Futaqi ◽  
Imam Machali
Keyword(s):  
Data Reduction ◽  
Financial Management ◽  
Qualitative Approach ◽  
Financial Resources ◽  
Quality Of Education ◽  
Data Display ◽  
Data Verification ◽  
Three Stages ◽  
The Cost

This study aims to investigate the financial management and strategies deployed by Rumah Pintar (Rumpin) BAZNAS Piyungan Bantul Yogyakarta to improve the quality of education. Employing a qualitative approach, the data of this research is collected through observation, interviews, and documentation. The data were then analyzed in three stages: data reduction, data display and data verification. The results show that financial resources of Rumpin BAZNAS Piyungan are obtained from zakat through BAZNAS Center and through the allocation of costs in Rumpin that has increased from year to year. The improved allocation of costs were caused by the increasing need for services requested by the service recipients (mustahik). The result of the cost improvement is the increasing quality of education and  services. It can be seen from the achievements obtained by Rumpin BAZNAS Piyungan which won number of awards such as the Best Rumpin in center development under the category of Non-Departmental body;  received award of pustaka bakti tama penggerak buku (books reader movement for literary devotion) and several training certificates that can be used to find a job.

scholarly journals Investigation of the Influence of Internal Control System Factors on the Financial Stability of Companies (Review)

2021 ◽  
Vol 15 (2) ◽  
pp. 66-76
Author(s):  
Larisa Ponomareva
Keyword(s):  
Control System ◽  
Internal Control ◽  
Financial Stability ◽  
Web Of Science ◽  
Economic Consequences ◽  
Economic Activities ◽  
Internal Factors ◽  
Internal Control System ◽  
Audit Reports

Annotation. The quality of the internal control system can have a significant impact on decision-making by users of financial information and on the negative economic consequences of the organization's economic activities (bankruptcy, fictitious audit reports, etc.). The author suggests that these consequences are typical for Russian organizations due to their poor study of the factors that affect the system of internal control of organizations. The study reviewed 30 foreign (China, USA and Europe) publications indexed in Scopus and Web of Science on the problem of the influence of external and internal factors on the internal control system of organizations. Based on the results of the analysis of the literature, external and internal factors have been identified that affect the internal control system, which are characteristic of Russian organizations. In addition, the prospects for studying these factors for the internal control system of Russian organizations are outlined.

scholarly journals AN ASSESSMENT OF THE FINANCIAL AND ECONOMIC SECURITY OF THE AGRICULTURAL SECTOR IN UKRAINE

2021 ◽  
Vol 4 (39) ◽  
pp. 241-250
Author(s):  
N. Sirenko ◽  
T. Lunkina ◽  
A. Burkovskaya ◽  
К. Mikulyak
Keyword(s):  
Financial Stability ◽  
Agricultural Sector ◽  
Jel Classification ◽  
Economic Security ◽  
Financial Resources ◽  
Financial Security ◽  
Market Environment ◽  
Economic Activities ◽  
Macroeconomic Indicators ◽  
Security Indicators

Abstract. The article states that the financial and economic security of the agricultural sector is aimed at ensuring a sufficient level of efficiency of financial and economic activities; protection from external and internal dangers, improvement of financial firmness, and stability.  It is established that one of the ways to solve these problems is the application of modern approaches to determining the level of financial and economic security of agricultural sector entities in order to identify the most significant threats to the market, as well as the application of modern approaches to improving the level of financial and economic security of the Ukrainian agricultural sector.  It was found that the financial security of the country directly and proportionally affects the financial and economic security of the agricultural sector, and the presence of problems can prevent the agricultural sector from reaching the desired economic level. The basic elements of financial and economic security in agricultural entities are identified as financial resources, financial stability (solvency), and profitability of operating activities, effectiveness of financial and economic activities, the possibility and cost of attracting external financial resources. The indicators for financial and economic security of agricultural enterprises in Mykolayiv region are assessed and a model of factors influencing the indicator, which is the profitability of operating activity, is developed.  General and specialist research methods were used to study theoretical, and methodological issues of financial and economic security in the agricultural sector; monographic, causal relationships, and logical modeling are also used in determining the indicators of assessing the level of financial and economic security in the agricultural sector;  method of dynamic analysis  and — in order to assess the rate of economic growth of the main macroeconomic indicators of the country, taking into account the dynamics of their change in the market environment;  calculation-constructive, graphic — when assessing the level of financial and economic security.  It is proved that the financial and economic security of the agricultural sector is aimed at ensuring a sufficient level of efficiency of financial and economic activities in the market environment, protection from external and internal dangers, as well as creating conditions for long-term development, given globalization challenges. Keywords: agricultural sector, financial security, financial and economic security, indicators, approaches. JEL Classification Q14, Q18 Formulas: 0; fig.: 1; tabl.: 6; bibl.: 13.

scholarly journals Architectonics of financing of agricultural enterprises in Ukraine

2020 ◽  
Author(s):  
Svitlana Boiko ◽  
◽  
Inna Demianenko ◽  
Halyna Skrypnyk ◽  
Valentyna Yavorska ◽  
...  
Keyword(s):  
Financial Stability ◽  
Agricultural Development ◽  
Financial Resources ◽  
Economic Activities ◽  
Partial Loss ◽  
Macroeconomic Factors ◽  
Agricultural Enterprises ◽  
Empirical Assessment ◽  
Goods And Services ◽  
Urgent Task

Agriculture is one of the most important types of economic activity for the Ukrainian economy, since together with other related economic activities it forms more than half of Ukraine’s GDP and the share of agriculture in the production of goods and services tends to increase. In such conditions, an important and urgent task is a retrospective study of the architectonics of financing of agricultural enterprises in Ukraine, the factors influencing it and the substantiation of the prospects for its optimization. The aim of the study is the empirical assessment of the formation of architectonics of financing of agricultural enterprises in Ukraine under the influence of macroeconomic factors and industry factors. For the empirical assessment of the architectonics of financing of agricultural enterprises of Ukraine, a system of absolute and relative indicators, regression and correlation analysis were applied. An empirical assessment of the financial support of agricultural enterprises in Ukraine in the context of agricultural development allowed to distinguish three periods: 2010-2013 – an increase of financial resources of agricultural enterprises in Ukraine subject to excess of equity, ensuring of financial stability of enterprises; 2014-2015 – reduction of financial resources of agricultural enterprises subject to excess borrowed funds, partial loss of financial stability of enterprises; 2016-2018 – an increase of financial resources of agricultural enterprises in the direction of restoring the potential of financial stability and a deterioration in the payment discipline of the resources of agricultural enterprises.

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